Boot(Henry) Plc - CEO Succession
Henry Boot PLC, a company engaged in property investment and development, land promotion and construction, is pleased to announce the board appointment of Tim Roberts as Chief Executive Officer with effect from 1 January 2020. Current Chief Executive Officer, John Sutcliffe, will continue to lead the Company and drive growth initiatives and operating plans until the end of 2019. He will then remain in an advisory position with the Company until the conclusion of the AGM on 21 May 2020, at which point he will retire and step down from the board.
Tim has spent 15 years running British Land's office team as well as developing the strategy for its successful London office business; moving its focus towards more mixed-use campuses and retaining and attracting target customers.
Tim has been responsible for overseeing large scale developments, transactions and lettings such as the joint venture development and the eventual sale of both the Leadenhall Building and 5 Broadgate, as well as major lettings to customers including Facebook, UBS and Dentsu Aegis. He has also led major transactions such as the purchase of Paddington Campus, and the super prime Clarges development site which was not only highly profitable but was fundamental in expanding British Land's London residential business.
As a FTSE 100 board director for the last 13 years, he has had significant listed company, governance and organisational experience, and has managed key relationships with a variety of strategic stakeholders.
Jamie Boot, Chairman said:
"The Board has conducted a rigorous selection process, with an external recruitment partner, during which both internal and external candidates were assessed for the role. We are delighted that this has resulted in the appointment of Tim, who stood out from our list of strong candidates due to his track record of success in property investment and development and his delivery of long-term value creation.
On behalf of the Board, I want to thank John for his dedication, professionalism and personal commitment through his time with Henry Boot and wish him well in his retirement. Under John's leadership, Henry Boot has undergone important and necessary change and is now a stronger group."
Tim Roberts, incoming Chief Executive Officer said:
"I am very excited to be joining such a long-standing, well established business which, over the years, has generated strong financial performance. Henry Boot is in very good shape and I am joining a team that will not only continue to deliver strong returns, but also a business that has the organisational and capital structure to prosper. On a personal note, as a Yorkshireman, I am very happy to be returning to my home city of Sheffield."
John Sutcliffe, incumbent Chief Executive Officer said:
"Since I joined Henry Boot in 2006, we have significantly increased the scale of the business and built a much larger future opportunity portfolio of profitable schemes, and I am proud of the value we have created for all our stakeholders. I have thoroughly enjoyed my time at Henry Boot and, at 61, it is an appropriate time to hand over my responsibilities to Tim, who I am sure will make a great success of the role."